** Shares in Belgian food retailer Colruyt COLR.BR are down 3.9%, paring losses after falling as much as 8.6%, after its H1 earnings missed expectations
** "Sales were in line with our expectations whereas market share loss and drop in profitability were both a bit worse," says Degroof Petercam
** Colruyt reports H1 EBITDA of 422 million euros ($494 million) and maintains FY EBIT guidance of 470 million euros
** "We consider this as too ambitious," says the analyst, noting the guidance implies a "too" strong H2
** Including Wednesday's losses, the shares have dropped 13.6% YTD
($1 = 0.8535 euros)
(Reporting by Dimitri Rhodes in Gdansk)
((Dimitri.Rhodes@thomsonreuters.com))